Pith Number

pith:LRTSR3JH

pith:2026:LRTSR3JHGUVIPFGQKXSKYL543Q

not attested not anchored not stored refs pending

When Does Static Willingness to Pay Mislead? A Framework for Dynamic Hedonic Valuation

Josephine Auer

A nonparametric revealed preference framework shows when habit formation makes dynamic hedonic models consistent with observed prices and quantities.

arxiv:2603.02456 v5 · 2026-03-02 · econ.TH · econ.EM · econ.GN · q-fin.EC

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Record completeness

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2 Internet Archive

3 Author claim open · sign in to claim

4 Citations open

5 Replications open

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The bundle contains the canonical record plus signed events. A mirror can host it anywhere and recompute the same current state with the deterministic merge algorithm.

Claims

C1strongest claim

I develop a nonparametric revealed preference framework for dynamic hedonic valuation, deriving necessary and sufficient conditions for rationalisability. The framework separates restrictions imposed by the hedonic shadow-price representation from those imposed by intertemporal choice and provides diagnostics that quantify the severity of violations along each margin.

C2weakest assumption

The observed price and quantity data must be rich enough to identify separate violations of the hedonic shadow-price representation versus intertemporal consistency; the abstract provides no detail on how the scanner data satisfies this separation or on the exact form of the habit-formation restriction.

C3one line summary

A nonparametric revealed preference framework derives necessary and sufficient conditions for rationalizing dynamic hedonic prices with habit-forming attributes, separating price representation failures from intertemporal ones, and shows habit formation improves fit for a subset of households in U.S

Formal links

2 machine-checked theorem links

Receipt and verification

First computed	2026-05-20T02:05:41.476550Z
Builder	pith-number-builder-2026-05-17-v1
Signature	Pith Ed25519 (`pith-v1-2026-05`) · public key
Schema	pith-number/v1.0

Canonical hash

5c6728ed27352a8794d055e4ac2fbcdc019a8223bc44938dd8e0f87cdb241c43

Aliases

arxiv: 2603.02456 · arxiv_version: 2603.02456v5 · doi: 10.48550/arxiv.2603.02456 · pith_short_12: LRTSR3JHGUVI · pith_short_16: LRTSR3JHGUVIPFGQ · pith_short_8: LRTSR3JH

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Verify this Pith Number yourself

curl -sH 'Accept: application/ld+json' https://pith.science/pith/LRTSR3JHGUVIPFGQKXSKYL543Q \
  | jq -c '.canonical_record' \
  | python3 -c "import sys,json,hashlib; b=json.dumps(json.loads(sys.stdin.read()), sort_keys=True, separators=(',',':'), ensure_ascii=False).encode(); print(hashlib.sha256(b).hexdigest())"
# expect: 5c6728ed27352a8794d055e4ac2fbcdc019a8223bc44938dd8e0f87cdb241c43

Canonical record JSON

{
  "metadata": {
    "abstract_canon_sha256": "38f0bb05853de441f51bf1d5ea4ace46094a25fb2be2233987796af5d9cc04f5",
    "cross_cats_sorted": [
      "econ.EM",
      "econ.GN",
      "q-fin.EC"
    ],
    "license": "http://arxiv.org/licenses/nonexclusive-distrib/1.0/",
    "primary_cat": "econ.TH",
    "submitted_at": "2026-03-02T22:57:30Z",
    "title_canon_sha256": "da3ce98d7f7e77a437ab8797a1f195c8f31ca74aa3ee9371120ea23f5c4af21f"
  },
  "schema_version": "1.0",
  "source": {
    "id": "2603.02456",
    "kind": "arxiv",
    "version": 5
  }
}